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Vercom Spółka Akcyjna financial health, profit and balance sheet · Scorvest

Poland

Vercom Spółka Akcyjna

Fiscal year ends in December · Figures in PLN

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In shortVercom Spółka Akcyjna is profitable, generates cash and carries moderate debt, with revenue growing (+45.5% last year).

Financial health

Strong

Built from five areas over the last five annual reports. Tap an area to see the figures behind it.

How is this score calculated? →

Profitability61

Operating marginShare of each sale left after running the business, before interest and tax.	16.3%	71/100
Net marginShare of each sale left as profit after every cost, interest and tax.	12.1%	68/100
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	11.2%	56/100
Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.	7.0%	47/100

Weight in the score: 25%

Balance sheet53

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.	1.13×	28/100
Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.	0.44×	87/100
Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.	2.04×	56/100
Interest coverageHow many times operating profit covers interest. Below 2 is risky.	5.93×	42/100
Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.	–	n/a

Weight in the score: 25%

Cash generation100

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	19.9%	100/100
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	1.65×	100/100
Years with positive free cash flow (last 5)	2 of 2	100/100

Weight in the score: 20%

Stability100
Profitable years (last 5) 2 of 2 100/100
Years of revenue decline (last 5) 0 of 1 100/100
Revenue growth volatility – n/a
Operating margin volatility 0.3% 100/100
Weight in the score: 20%
Growth–
Revenue growth, 3-year average – n/a
EPS growth, 3-year average – n/a
Weight in the score: 10%

Profitable years (last 5)	2 of 2	100/100
Years of revenue decline (last 5)	0 of 1	100/100
Revenue growth volatility	–	n/a
Operating margin volatility	0.3%	100/100

Revenue growth, 3-year average	–	n/a
EPS growth, 3-year average	–	n/a

Fiscal year 2022 · change vs prior year

Revenue: zł 260.3M; ▲ 45.5%
Net income: zł 31.4M; ▲ 37.9%
Free cash flow: zł 51.9M; ▲ 69.8%
Operating margin: 16.3%; +0.5 pts
Cash & investments: zł 49.0M; –
Total debt: zł 155.4M; ▲ 274.4%
Diluted EPS: zł1.54; ▲ 12.4%
Return on equity: 11.2%; –

European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.

Trends

Annual figures as reported. Hover a bar or point for the exact value.

Revenue and net income

RevenueNet income

Margins

Statements

The last 2 fiscal years from the company's annual reports.

PLN millions; negative values in parentheses.

Fiscal year	FY21	FY22
Revenue	179	260
Cost of revenue	122	145
Gross profit	57	116
Operating income	28	42
Interest expense	1.9	7.2
Pre-tax income	27	37
Income tax	4.1	5.9
Net income	23	31
Diluted EPS	zł1.37	zł1.54
Diluted shares (millions)	17	20

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Risk checks

Altman Z'' score

Not computed: a required balance-sheet item is missing.

Piotroski F-score

4/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: passed
Positive operating cash flow: passed
Return on assets improved: failed
Cash flow exceeds net income: passed
Long-term debt ratio fell: failed
Current ratio improved: failed
No share dilution: failed
Gross margin improved: passed
Asset turnover improved: failed

Sources

Annual reportPeriod ending Dec 31, 2022Open the report ↗

All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works

Latest annual report: Dec 31, 2022 · Data updated Dec 31, 2022